Global Clampdown Fear Crashes Ripple and all other Cryptocurrencies

[Guest]

Global Clampdown Fear Crashes Ripple and all other Cryptocurrencies

https://www.ripplecoinnews.com/global-clampdown-fear-crashes-ripple-and-all-other-cryptocurrencies

[Guest]

dat article....what a load of drivel

[aavkk]

Thanks for posting however I noticed a couple of errors.  I dont believe Ripple has the "capacity to create even 100 billion more coins each month".  Its my understanding there will never be any more than 100 B.  Also, I've heard Brad Garlinghouse mention that XRP is 1000x faster and cheaper than BTC, not the 10x faster that you mentioned.  Please correct me if I am wrong. 

[MaxEntropy]

A base was stablished at:

• .25 cents, 
• now at 1.00

It will be back.

The price has nothing to do with the real issues:

• wallets
• eco-system
• peer to peer transacting

[Alluvial]

"The company has the capacity to create even 100 billion more coins each month."

The wording here is horrible.  I think the author meant to say that Ripple receives 1 billion xrps each month pursuant to the Escrow agreement.  Those not used are put back into escrow.

Ripple does not "create" more xrps, and the number 100 billion for the monthly allotment is also wrong.

[Guest]

@Alluvial, @aavkk  Sorry for this error .. I will check it 

[Guest]

1 hour ago, Alluvial said:

"The company has the capacity to create even 100 billion more coins each month."

The wording here is horrible.  I think the author meant to say that Ripple receives 1 billion xrps each month pursuant to the Escrow agreement.  Those not used are put back into escrow.

Ripple does not "create" more xrps, and the number 100 billion for the monthly allotment is also wrong.

I was mean "

Ripple are controlled by the firm, which has initially created 100 billion ripple - 38 billion of which are in circulation.

And ripple can release one billion further coins each month.

"

Sorry

Edited January 16, 2018 by ahmadderar